Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Down – Here’s Why

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) gapped down before the market opened on Thursday . The stock had previously closed at $77.00, but opened at $65.3010. Bayerische Motoren Werke shares last traded at $70.04, with a volume of 980 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BAMXF. Berenberg Bank cut Bayerische Motoren Werke from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. DZ Bank raised Bayerische Motoren Werke to a “strong-buy” rating in a report on Thursday, February 19th. Finally, Dbs Bank raised Bayerische Motoren Werke from a “moderate sell” rating to a “hold” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Bayerische Motoren Werke Stock Down 3.4%

The company has a quick ratio of 0.89, a current ratio of 1.17 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $40.01 billion, a P/E ratio of 5.32 and a beta of 0.59. The company has a 50-day moving average of $88.72 and a two-hundred day moving average of $96.64.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last released its quarterly earnings results on Wednesday, May 6th. The company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.37. Bayerische Motoren Werke had a return on equity of 7.09% and a net margin of 5.22%.The company had revenue of $37.31 billion for the quarter, compared to analyst estimates of $37.25 billion.

About Bayerische Motoren Werke

Bayerische Motoren Werke AG (BMW) is a German multinational manufacturer of premium automobiles and motorcycles. Headquartered in Munich, the company designs, manufactures and sells a broad range of passenger vehicles under the BMW brand, as well as the MINI and Rolls?Royce marques. BMW’s product portfolio covers luxury sedans and coupes, SUVs and crossovers (the X series), sports cars, high?performance M models, motorcycles through BMW Motorrad, and an expanding range of electrified powertrains including battery-electric and plug?in hybrid variants.

Founded in 1916, BMW began as an engine manufacturer and over the course of the 20th century diversified into motorcycle and automobile production, building a reputation for engineering and driving dynamics.